Atlas Lithium Corp (ATLX)

[ImOnABoat]

8-K FILING: BMIX NOW HAS ZERO DEBT

Item 1.01. Entry into a Material Definitive Agreement.

On November 15, 2021, the Company entered into an agreement (the “Agreement”) with GW Holdings Group LLC (“GW”) which extinguished the promissory note dated June 18, 2021 (the “Note”) in the original principal amount of $129,000 issued by the Company to GW. As of November 15, 2021 there was an aggregate of $133,241.10 of principal and accrued interest outstanding under the Note. In consideration for the satisfaction and cancellation of the Note the Company issued to GW 19,034,442 restricted common shares of the Company and a warrant to acquire up to 5,000,000 shares of the Company for $0.01 per share until June 15, 2022.

With the consummation of the above transaction, the Company now has zero U.S. debt of any type on its books.

https://www.otcmarkets.com/filing/html?id=15363174&guid=Nb3wk6RJAZVQh3h